Lismore sees a run on grand vintage houses

While the heritage town of Lismore has not seen the high level of real estate activity seen in some coastal areas in recent months, it has seen a small stampede on grand period homes.

Since the start of the year, two expensive country houses in the region have been sold by mutual agreement. Salterbridge House, a 15,600 square foot Regency residence with 136 acres of land, was acquired by Dublin businessman Stephen Vernon in May for nearly his guidebook of 3.25 million euros.

Most recently, Ballyin Garden House – a 4,500-square-foot eight-bed Georgian house with seven acres of gardens went up for sale after it went on the market in April with a $ 1.1 million guide.

The last of three high-priced period homes to come to market in Lismore over the past year, Ballyafter House, with a guide of 1.15 million euros is still available.

A 14-bed country house, once a hunting lodge for Lismore Castle guests, it is on the market with joint agents Sherry FitzGerald Reynolds, Sherry Fitzgerald Countrywide and auctioneer Brian Gleeson.

Sherry Fitz’s Cormac Curran Gerald Reynolds says that with the recent rise in real estate prices, period home owners have recognized it is a good time to sell.

“And we have seen a good interest from buyers in Dublin for these types of properties,” he reveals.

Although Lismore – famous for its fairytale castle and salmon fishing – probably had more period homes than new ones, and some of the finest mansions in the country – high-priced sales here are scarce.

Prior to this year, only two sales of this magnitude were on the property price register in the past eight years. Ballyin Garden House sold for 1.01 million euros in 2018 and Fort William House for 2.181 million euros.

Auctioneer Brian Gleeson says Lismore has become popular with city buyers looking for a lifestyle change.

He recently put up for sale The Villa, a detached house built by the Duke of Devonshire on East Main Street with a guidebook for € 495,000 which was bought by a Dublin couple.

The Duke of Devonshire’s name refers to a whole range of properties, including the town’s only hotel, which was sold by Sherry FitzGerald Reynolds.

Cormac Curran says the contract was just signed on the Lismore House Hotel, a 29-room property, originally built by the Duke in 1797, which hit the market in 2017 with a 1.5 guide. M €.

“It is bought by a hotel group which plans to redevelop and reopen it by the end of the year,” said Mr. Curran.

The bulk of residential sales in Lismore tend to be small period terraced properties.

“The large period houses on the mall can cost $ 500,000, but the smaller ones typically cost between $ 150,000 and $ 250,000,” Curran reveals.

New homes are scarce in Lismore – there haven’t been any new developments in Lismore since the boom, although REA Spratt is now selling a new batch of nine homes to The Mills.

A city of nearly 1,400 residents in 2016, Lismore now has very little real estate available – only around eight are advertised online, including the small new development of Mills and Ballyafter House for 1.1 million euros.

Lismore, Co Waterford 1.15 million euros

Built by the Duke of Devonshire as a hunting lodge for guests at Lismore Castle, County Waterford, in 1830, Ballyafter House is one of three large real estate properties to be marketed in the Lismore area in recent times.

Today a country house hotel with 9,600 m² of living space including 14 bedrooms, numerous bathrooms and its own bar, it offers a guide for 1.15 M €.

Joint sales agents Sherry FitzGerald Reynolds, Sherry FitzGerald Country Homes and auctioneer Brian Gleeson believe this gracious Georgian property with nearly 3.5 acres of gardens has all the ingredients needed for a luxury boutique hotel or family home. exceptional. They say the idyllically secluded house near the Blackwater River is already generating a lot of interest among Dublin buyers looking for large homes and is being scrutinized for its commercial potential.

VERDICT: A rare opportunity to purchase a period home that has had few owners and was last sold 60 years ago.

Curraghreigh, Lismore € 349,000

A modern and nearly new four-bed bungalow in Currareigh, 3 miles from Lismore, offers the kind of space and tranquility that buyers have been looking for in the country since the start of the pandemic.

The property has over three quarters of an acre of gardens. Sherry Fitz’s Cormac Curran Gerald Reynolds explains that although the property was built in 2006, it was only recently completed inside. “It has a high level of finish, quality flooring and bathroom fittings and a high BER B3. All that remains for the purchaser to do is to fit out an equipped kitchen. Mr Curran says the location is tranquil and scenic with views of the Bride River and the spacious south-facing bungalow is perfect for remote working.

VERDICT: Lots of space and a good price.

Rue de la Chapelle, Lismore 195,000 €

There don’t seem to be many properties on the market in Lismore that don’t at least have some connection to the Duke of Devonshire and Lismore Castle – but River Cottage on Chapel Street isn’t one of them.

Worker’s house on the estate dating from the late 1800s, it has been renovated and modernized in recent years as an Airbnb rental. Auctioneer Michael O’Leary says the chalet is charming and old-fashioned and would be an inexpensive purchase for a young buyer. “It is also seen by a few retirees, but could also be purchased as a rental property,” he adds.

Tastefully decorated, as you would expect from an Airbnb property in a quaint heritage town, it has a small veranda at the front and a walled garden at the rear.

VERDICT: Cheap and cute.

Les Moulins, Lismore € 235,000 & € 285,000

Nine properties currently under construction in The Mills, on the outskirts of Lismore, are likely the first new real estate homes to be built in the city in years.

The properties are being built by Cooney Construction on an undeveloped site it acquired from The Mills, an existing development of over 50 homes originally launched in 2015.

REA Spratt auctioneers are the sales agents for the new batch of houses which includes 1,320 square foot three-bed semi-trailers (pictured) for 235,000 as well as 1,540 square foot four-bed detached houses for € 285,000.

Auctioneer Eamonn Spratt says that given the shortage of new housing in the city, interest has been strong.

VERDICT: The opportunities to buy new A2 rated homes in Lismore are very limited.

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